Ethereum ETFs Attract 10 Times More Inflows Than Bitcoin in 5 Days

Spot Ethereum ETFs are selling like hotcakes in the U.S., attracting 10 times more inflows than their spot Bitcoin counterparts over the past five days of trading.

As of August 21, spot Ethereum ETFs recorded an astonishing $1.83 billion in inflows, while Bitcoin funds attracted only a tenth of that at $171 million, according to CoinGlass.

The last trading day on Wednesday continued the trend. Nine Ethereum ETFs recorded $310.3 million in inflows, while 11 Bitcoin ETFs witnessed only $81.1 million.

Ethereum has recovered faster than Bitcoin this week. The second-largest cryptocurrency rose 5 percent from its low on Tuesday, while Bitcoin managed to increase only 2.8 percent in the same period.

The mass shift to Ethereum has not gone unnoticed by industry observers such as educator and investor Anthony Sassano, who described it as ‘brutal.’

Meanwhile, the president of NovaDius Wealth Management Nate Geraci added that Ethereum ETFs now have close to $10 billion in inflows since the beginning of July.

Spot Ethereum ETFs have been trading for 13 months and have recorded $13.6 billion in total inflows, most of which has come in the last few months.

Spot Bitcoin ETFs have been around longer, trading for 20 months with a total inflow of $54 billion.

The Wall Street Token

It seems that momentum is shifting to Ethereum following the passage of the GENIUS Act on stablecoins in July, as the blockchain holds the largest market share of stablecoins and tokenized real-world assets.

– This is largely what I call the Wall Street token – said VanEck CEO Jan van Eck, speaking on Fox Business this week.

Meanwhile, Bloomberg ETF analyst James Seyffart reported that investment advisors were the largest holders of Ethereum ETFs with an exposure of $1.3 billion. According to SEC filings, Goldman Sachs is the largest holder with an exposure of $712 million.

Ethereum is trading above $4,600 and is up over two percent on the day, according to CoinGecko.